James Priestly MGP Property

Core Melville Suburbs — January 2026 Snapshot

The data continues to tell a clear story across Alfred Cove, Myaree and Melville. Strong buyer demand, tight supply and quality homes holding their value have pushed median house prices to new levels as we move into 2026.

While national headlines focus on slowing eastern states, our local market is still being driven by scarcity and lifestyle demand — and that’s reflected in the long-term growth we’re seeing across these core suburbs.

Property is hyper-local. Not every home performs the same, but the fundamentals across the City of Melville remain firmly supported.

If you’re wondering what these numbers mean for your home or your next move, reach out anytime.

PerthRealEstate MarketUpdate

November Market Wrap 🏡✨

Perth continues to lead the national property market, with home values rising 2.4% in November and quality listings moving fast across our local suburbs.
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In the City of Melville, demand remains strong. Homes are selling within a median of just 9 days, supported by tight stock levels and motivated buyers. Perth’s listings remain nearly 48% lower year-on-year, keeping competition high for well-located family homes.
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Thinking of selling or securing your next property? Now is an ideal time to be active in the market.
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📈 Perth Property Prices Surge Again - What’s Next?

Perth has once again led the nation in monthly housing growth, with dwelling values jumping 1.9% outpacing all other capital cities. Supply remains at post-COVID lows, with fewer than 3,000 homes for sale across the metro area, fuelling strong buyer competition and continued price momentum.

In the City of Melville, the median house price has climbed to $1.425M, sales activity has surged, and demand remains exceptionally strong across core suburbs including Booragoon, Melville, Attadale and surrounds. With REIWA forecasting ~10% growth over the next year, ongoing rate cuts and undersupply could see prices climb even higher.

🔎 Read the full market wrap and suburb insights at mgpproperty.com.au/insights